On The Market

Housing industry expert Nikolas Scoolis discusses the current housing crisis and the rise in new construction homes. He shares insights on the new construction market, the fight for affordable housing, and the incentives builders are offering. The podcast also explores the recovery of housing markets, a fire-resistant desert community, and challenges in the housing market. Overall, the episode provides valuable information on the state of the housing market and the impact of new construction homes.

The Chinese economy is facing one of its most significant tests in years. With real estate prices falling off a cliff, unemployment skyrocketing, and a currency crisis, Asia’s largest economy could hit even harder times ahead. But this doesn’t mean the rest of the world will remain unaffected. In the US, recession risks are starting to rise as hopes of a “soft landing” are gradually fading away. With inflation still rearing its ugly head and American households running out of cash savings, the worst could be yet to come.To give us a global view of the economy is Bloomberg LP’s Chief US Economist, Anna Wong, who also served on the Federal Reserve Board, the White House’s Council of Economic Advisers, and the US Treasury. Few people in the entire country have as good of a read on today’s economic situation as Anna, so we spared no questions about what could happen next.Anna has some recession predictions that go against the grain of popular economic forecasts. From her data, the risk of a recession is far from over, and we could be heading into a shaky Q4 of 2023 and a dismal start to the new year. She details what could happen to inflation, unemployment rates, foreclosure risk, and why the Chinese economy’s failures could have lasting effects back home.In This Episode We Cover:Why a “soft landing” looks unlikely as recession risks begin to rise again Bankruptcies, delinquencies, and why American consumers are running out of timeRecession forecasts and when the worst economic effects could hit Deteriorating credit and why American home buyers are falling back into 2008 trapsChinese economic downfall and what’s causing Asia’s largest economy to crumble Effects on the US and how a global recession could appreciate the dollar’s worth And So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets ForumsBiggerPockets AgentBiggerPockets BootcampsJoin BiggerPockets for FREEOn The MarketJoin the Future of Real Estate Investing with FundriseConnect with Other Investors in the “On The Market” ForumsSubscribe to The “On The Market” YouTube ChannelDave's BiggerPockets ProfileDave's InstagramThe 2023 Recession Countdown: Is Now the BEST Time to Invest?Is the Global Economy About to Collapse? Inside China’s Real Estate CrisisJoin The Bloomberg Terminal and Use Code BECO <GO>Connect with Anna:Anna on BloombergAnna's LinkedInClick here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-137Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

A real estate podcast discusses strategies for buyers in expensive and affordable markets. The guests, Anson Young and Ryan Blackstone, talk about the current state of the real estate market, concessions, challenges, and investing strategies. They emphasize the importance of cash flow and share opportunities in different markets.

James Rodriguez, Senior Real Estate Reporter at Business Insider, discusses the potential implications of new lawsuits against the National Association of REALTORS (NAR) that could lead to changes in how agents are paid. The lawsuits could result in a decoupling of commissions, affecting both buyers and sellers. The episode explores the value of using an agent and the potential threats to real estate agents.

Holding on to hope that mortgage rates could hit four or even three percent again? Unfortunately, that doesn’t look likely, at least to Liz Ann Sonders, Chief Investment Strategist at Charles Schwab. While Liz spends most of her waking hours thinking about the stock market, she always has her finger on the overall economic pulse. Whether it be bond yields, mortgage rates, economic cycles, or banking crises, Liz Ann needs to know market moves in order to manage Charles Schwab’s $8 TRILLION in assets.For most heavy real estate investors, the stock market is confusing at best and a game of chance at worst, but NOT knowing what’s happening in one of the largest investment markets in the world could be to your detriment. Since the stock market moves quicker and reacts to economic data at almost instant speed, real estate investors can get ahead by popping out of the property market we’re so preoccupied with.In today’s episode, Liz Ann not only touches on the state of the stock market but why so many investors are acting out of pure emotion (and not logic), the effect rising bond yields will have on mortgage rates, why savvy investors refuse to “fight the fed,” and the “rolling recession” that could explain 2023’s constant economic hills and valleys.In This Episode We Cover:The “rolling recession” and why its economic effects won’t hit us all at onceWhy mortgage rates won’t go back to 2021 levels EVEN when bond yields fallThe psychology of emotional investing and why most investors are forfeiting data when making decisionsNew “bullish” signs from stock investors and what they’re investing inWhy waiting for a recession to invest could be a MASSIVE financial mistake And So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets ForumsBiggerPockets AgentBiggerPockets BootcampsJoin BiggerPockets for FREEOn The MarketJoin the Future of Real Estate Investing with FundriseConnect with Other Investors in the “On The Market” ForumsSubscribe to The “On The Market” YouTube ChannelDave's BiggerPockets ProfileDave's InstagramThe Fed Just Got One More Reason to Hike Mortgage RatesIs Now the Best Time to Get Into the Stock Market?Connect with Liz:Liz on Charles SchwabLiz's Twitter/XClick here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-134Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Housing affordability has reached lows that most Americans never knew existed. After home prices had an unprecedented multi-year run-up and mortgage rates got hiked, the average home buyer was out of luck. They couldn’t afford a house, and even if they could, the chances of getting one were slim to none when no inventory existed. Many now hold on to a hope that affordability could be around the corner, but this isn’t looking likely, at least not according to the most accurate forecasters in the country. Doug Duncan, SVP and Chief Economist at Fannie Mae doesn’t just do the standard housing market forecast models. His team at Fannie Mae has come up with the most accurate predictions of the housing market to date through a combination of judgment, market sentiment, and math. Today, Doug is on the show to give his data-backed take on home prices, mortgage rates, and the affordability crisis. There is some good news for homeowners and not-so-good news for home buyers, but Doug brings some solid advice for those still struggling to buy a home, plus a forecast of when things could finally turn around. If you want to know whether a recession is still in the cards, what home prices will do, and when affordability will reach equilibrium, tune in!In This Episode We Cover:A 2024 home price forecast that most didn’t think was possible Housing affordability and why we may not see relief for YEARS to comeRecession watch and whether or not we’re in the economic clear Data modeling and why you CAN’T just rely on the math for your housing market predictions Advice to first-time home buyers and what you MUST have before you try to buy And So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets ForumsBiggerPockets AgentBiggerPockets BootcampsJoin BiggerPockets for FREEOn The MarketJoin the Future of Real Estate Investing with FundriseConnect with Other Investors in the “On The Market” ForumsSubscribe to The “On The Market” YouTube ChannelDave's BiggerPockets ProfileDave's InstagramGrab Fannie Mae’s ForecastHousing Market Affordability Has Crossed a Concerning Threshold in the U.SConnect with Doug:Fannie MaeDoug's LinkedInClick here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-133Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Economists debate whether the housing market recession is over, with home prices dropping in some areas but remaining hot in growing regions. The hosts discuss the impact of rising mortgage rates and tightening credit standards on buyer activity. They also emphasize the importance of deposit size and debunk misconceptions about low-ball offers. The podcast explores housing market trends and investment opportunities in different markets, highlighting Japlin, Missouri as a cash flow market. There is a discussion about the effectiveness of direct-acceler marketing and a charity event affected by controversial comments. The episode concludes with an introduction to Smarter, a free real estate investing framework.

Rick Sharga, founder of CJ Patrick Company and former EVP of Market Intelligence, shares the findings of his investor survey. Investors think the housing market could get better soon due to high mortgage rates and financing fatigue. They discuss the challenges investors face, the future of home prices, and the potential for another hot housing market.

Looking for a high-cash-flow real estate market? Well, you’ll need low home prices to make that happen. With mortgage rates still at multi-decade highs and affordability at forty-year lows, there isn’t much cash flow to around…unless you’re investing in one of these markets. And while “cheap” rarely means “good,” there are a few housing markets on this list that investors can feel safe parking their money in.Unless you have a million dollars in the bank or already own a portfolio of beachfront homes in Hawaii, you’re probably looking for the best market to stretch your investing dollars. Thankfully, we’ve got just that as the On the Market panel covers the ten most affordable housing markets in the United States. We’ll get into the nitty-gritty of the top four and highlight which we’d invest in and steer clear from.Some of these markets have huge manufacturing entering the area, prompting massive job growth that could surge home prices. But, with most unaware of this type of economic movement, investors like you can take advantage by getting into these affordable markets before they become boomtowns!In This Episode We Cover:The ten most affordable real estate markets across the country (and which we’d invest in)Two markets that are about to experience massive job growth but STILL offer low pricesCash flow vs. appreciation and which market to invest in if you want LONG-term wealthEntering the “investor’s market” and why real estate investors have the upper hand in 2023How to vet a rental property market and the metrics you MUST pay attention to before you buyAnd So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets ForumsBiggerPockets AgentBiggerPockets BootcampsJoin BiggerPockets for FREEOn The MarketJoin the Future of Real Estate Investing with FundriseConnect with Other Investors in the “On The Market” ForumsSubscribe to The “On The Market” YouTube ChannelDave's BiggerPockets ProfileDave's InstagramHenry's BiggerPockets ProfileHenry's InstagramJamil's BiggerPockets ProfileJamil's InstagramKathy's BiggerPockets ProfileKathy's Instagram10 Most Affordable Markets List2022’s Most Affordable Housing MarketsClick here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-130Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The housing market has dealt a tough hand to real estate investors as of late. Prices are staying the same, but mortgage rates are rising, rents have peaked, and so-called “easy” investments have been increasingly difficult to manage. The “lazy” investors who bought simple short-term rentals are now sitting with empty units, and BRRRRers that never adjusted their strategy are stuck with standard houses producing bleak returns. What’s the right move to make when investing is harder than ever before?We wanted to know what’s REALLY happening in the housing market. So we brought on short-term rental expert Avery Carl, father of the BRRRR method David Greene, and luxury flipper James Dainard, to get their opinions on what’s working, what isn’t, and what investors should do now. Surprisingly, all these experts agree that ONE type of investing is the best way to go, and it’s such an obvious choice that you may miss it.But, before this real estate investing strategy smackdown begins, we’ll get to know the current states of short-term rentals, flipping, and BRRRRing, plus which strategies are making money and which are falling flat. This is a new housing market; if you want to make it, you can’t play by the same rules.In This Episode We Cover:The ONE investing strategy ANY investor can use to make more money in 2023 The short-term rental slowdown and why basic hosts are in troubleFlipping houses and the almost unbelievable returns you could be making in today’s marketWhy “lazy” investors are about to get crushed (and what they can do about it)BRRRR blunders and why this strategy may have to be put on ice until rates dropAvoiding the “turnkey trap” that’ll tie you to a boring house, making bleak returnsAnd So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets ForumsBiggerPockets AgentBiggerPockets BootcampsJoin BiggerPockets for FREEOn The MarketJoin the Future of Real Estate Investing with FundriseConnect with Other Investors in the “On The Market” ForumsSubscribe to The “On The Market” YouTube ChannelDave's BiggerPockets ProfileDave's InstagramJames' BiggerPockets ProfileJames' InstagramBook Mentioned in the ShowBRRRR by David GreeneThe Book on Flipping Houses by J ScottShort-Term Rental, Long-Term Wealth by Avery CarlConnect with Dave and Avery:Avery's BiggerPockets ProfileAvery's InstagramAvery's WebsiteDavid's BiggerPockets ProfileDavid's InstagramDavid's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-129Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices